Castorama to be Retail Park’s anchor tenant

6 October 2008 (07:37)

RSG Commercial Estate and Castorama, the French chain store, agreed that the latter’s hypermarket was going to become Retail Park’s anchor tenant in the near future.

Retail Park is to be located in Yekaterinburg’s future Academic district and will probably be launched in 2011. The new district’s trade and business node will boast the area of 45,000 square meters where all kinds of goods and services meant for making one’s home a better and cozier place can be found.

RSG and Castorama’s agreement states that the French company is to rent 12,200 square meters worth of shopping space for its hypermarket in Retail Park.

The spokesperson for RSG reports the preliminary renting agreement will be signed in October 2009. Castorama’s construction-related goods will be complemented by products offered by a gardening center (another major tenant) as well as by smaller companies renting between 1,500 to 3,000 square meters worth of shopping space and dealing in home appliances, furniture, and consumer electronics.

‘Castorama’s arrival on Yekaterinburg’s market is a great advantage for both Retail Park and the entire city. The presence of such a large international chain store is bound to boost competition on the region’s DIY market and therefore to greatly improve the supply. All this, in its turn, will definitely motivate the market players to develop in a more dynamic and customer-oriented way. In the long run, the city dwellers can only benefit from this all,’ says Alexei Maltsev of RSG Commercial Estate.